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INVESTMENT COMPANY INSTITUTE REPORTS ON MONEY MARKET MUTUAL FUNDS

 WASHINGTON, May 6 /PRNewswire/ -- Assets of the nation's 632 retail money market mutual funds decreased by $1.71 billion to $386.77 billion for the week ended Wednesday May 5, the Investment Company Institute reported today. Assets of the 396 taxable money market funds in the retail category fell by $1.71 billion to $306.56 billion; the 236 tax-exempt funds assets increased by $4.2 million to $80.21 billion.
 Assets of the 262 institutional money market funds increased by $4.66 billion to $201.10 billion for the same period. Among institutional funds, the 212 taxable money market fund assets grew by $4.19 billion to $180.15 billion; assets of the 50 tax exempt funds increased by $476.6 million to $20.95 billion.
 Total money market mutual fund assets stood at $587.86 billion for the week ended Wednesday, May 5.
 Assets of money market mutual funds for the week ended Wednesday, April 28, were revised to $584.91 billion. The revisions are due to reporting errors and a change in the number of funds reporting.
 ICI reports the assets of money market funds to the Federal Reserve Board each week and makes this data available to the public on a weekly basis. The Institute also reports monthly on three broad categories of funds. They are (1) short-term funds which include tax-exempt money market funds, (2) taxable retail and institutional money market funds, and (3) all funds other than money market funds -- such as stock, income, corporate bond and municipal bond funds.
 -0- 5/6/93
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/


CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO

TW -- DC029 -- 5663 05/06/93 16:53 EDT
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Publication:PR Newswire
Date:May 6, 1993
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/C O R R E C T I O N -- INVESTMENT COMPANY INSTITUTE/

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